Cashless transactions refer to the exchange of goods and services without the use of physical cash. Instead, people use digital methods such as credit cards, debit cards, mobile wallets, or online payment systems. This approach simplifies payments and can enhance security by reducing the risk of theft associated with carrying cash. The rise of cashless transactions has been facilitated by technology, including smartphones and the internet. Many businesses now accept cashless payments, making it convenient for customers to shop. Additionally, cashless systems often provide tracking features, helping users manage their finances more effectively.